MedicannX Overview
MedicannX is a medical cannabis company which is using a unique cultivation technology to grow cannabis and to develop medical products. The company uses an aeroponic cultivation method based on oxygen use. The automated aeroponic cultivation system is at a height of four meters, with the cannabis grown and monitored in unique growing rooms, which are controlled by climate systems developed especially for the company, independent of the weather outside.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Medical cannabis co MedicannX raises NIS 70m
Israeli medical cannabis cultivation technology company MedicannX has raised NIS 70 million from Darwin Real Estate and Investments. The company is investing in a production plant in Tirat Hacarmel, using innovative aeroponic cultivation technology. The company began marketing its products to 190 pharmacies this year and plans to expand its marketing operations. MedicannX is the only company in the world growing medical cannabis using the aeroponic method. The companys nursery comprises 16 monitoring units, each capable of cultivating up to 1,600 plants.
InvestmentExpand
| Sector | Health Tech & Life Sciences |
Funding
| Total funding | $18.95M |
| Last funding | $18.95M |
| Stage | Seed |
| Rounds | 1 |
| Investors | 1 |
Team Members
1
Employees: 1-10
Web & Social Links
| Website | medicannx.com |
Locations
Tirat Carmel, Israel
Photos & Videos
No files yet
